Stressful Times for Australia's Banks

By

Cynthia Koons

Dec. 16, 2011 5:11 a.m. ET

Australia's major banks did well to avoid the worst of the financial crisis; they may find it harder to escape the shadow of the European debt woes.

Last time around, the Big Four—Commonwealth Bank of Australia, Australia and New Zealand Banking Group, National Australia Bank and Westpac Banking Corp.—were shielded by the strength of the domestic...